Unlike car insurance, home insurance isn't usually mandatory. But it’s still not a policy to cut corners on. Knowing you're protected if a storm causes property damage, a burglary results in a loss of valuables, or a lawsuit causes significant financial burdens can provide peace of mind. If you're purchasing with a mortgage, as most homebuyers do, a bank or other lenders may require home insurance as a condition to your mortgage contract.

So, what exactly does home insurance do? This article explains four types of protections that a home insurance policy can provide you and your family. 

Protect your largest asset from perils

A home is generally a person's or family's largest asset. There are often "freak" accidents or natural disasters that can cause significant damage to your home. For example, an ice storm could knock a tree right into your roof, or an issue with your home's boiler could cause an explosion. 

Insuring your home protects you in such tragic events. The proper policy can provide rebuilding costs for the damage or destruction of your home up to your policy's limit. 

However, you should understand what exactly your policy entails. Home insurance generally won't cover "predictable events" such as wear and tear or where you haven't provided the proper maintenance to the building. 

Suppose it's getting to -20 degrees during winter, and you don't prepare your pipes from bursting. In this case, insurance generally won't provide compensation for the resultant damage because it was predictable and due to a lack of maintenance. 

Insurers may split policies into different categories, such as “comprehensive”, “standard”, “no-frills”, or “broad”. Each insurer defines these categories differently. But, for example, a no-frills policy may not cover something like sewage backlog, which is only protected in the broad home insurance category or through additional add-on provisions. 

Protect the contents of your home too

Home insurance protects not only the physical building but also the contents of your home. So, if the tree that falls on your building crushes your television and surround-sound speakers, in addition to your roof, your insurance policy can compensate for the roof's cost and the cost of your television and speakers too. 

Home insurance is further applicable in cases of burglary. If you go through such a horrible event, home insurance can at least replace the monetary value of the stolen items. 

Of course, your policy has a limit on what you can claim for stolen or damaged contents. Jewelry, fine art, business equipment, and other high-value items may require a separate or add-on policy for full coverage. 

Compensation for additional living expenses

If your home catches fire or other issues arise that make it unlivable, you may face additional living expenses. For example, you may need to rent a hotel or another form of short-term accommodation until the issues relating to your home are resolved. Certain home insurance policies can reimburse you for these costs, which can easily hit the thousands when you need to bunker down in a substitute living arrangement for months while your home is repaired or rebuilt. 

Protect yourself from personal liability

You may have guests or other third parties, such as gardeners or package delivery persons, constantly come to your property. Regardless of whether it's your sister who's over for dinner or the Amazon delivery person, if someone or something is injured or damaged on your home's premises, the person may sue you for bodily injury or property damage. 

There are many ways a lawsuit could find you liable. If a court agrees, you could end up paying significant damages and legal fees. However, home insurance generally provides coverage for this too, such that the policy can pay for any legal fees or damage awards if you're found liable. 

Home insurance is a critical policy to purchase if you're a homeowner. It can provide peace of mind and protection in case an unfortunate incident occurs. If something does happen, the policy can reimburse you for rebuilding, repurchasing, accommodation, or legal costs.

Original Article from: APOLLO

The key to falling in love with a home, whether it's a rental or purchase, is to bring your own personal style and flair to the space. There are plenty of ways for renters to remodel without losing their security deposit, and these do it yourself projects make for great, quick upgrades to any home. Really, easy decorating options for rentals are endless once you start looking for inspiration. We’ve rounded up eight home improvement ideas, all DIY, that anybody can choose to tackle. Here’s where to get started. 

1. Get crafty with cup hooks

If you can’t put holes in your walls or cabinets, command hooks are a fantastic, removable alternative. However, if your landlord does permit nails in the walls, then you can use cup hooks for a ton of great design updates. 

These small and inexpensive pieces of hardware are incredibly versatile. Use them around your home to put up string lights. Screw them into the bottom of a kitchen cabinet and hang your favourite mugs. Or use them on a kitchen wall to hang utensils, colanders, pots and pans. They’re a great (and affordable) way to put your favourite items on display. 

2. Upgrade your outlet and light switch covers

This home improvement project is often overlooked, but it’s one of our favourite DIY projects for several reasons. Most notably, the amount of effort it takes is next to nothing, and it can have a huge impact. Change all of the covers to a black or bronze to add a stark contrast to your white walls. Or, for even more character, go for a bright and bold pattern. 

If you don’t want to buy new covers (as you’ll need to store the originals somewhere), then go for contact paper. It will be more time consuming since you’ll have to wrap each one individually, but start with one room, see what you like, and go from there. Just don’t forget to remove the contact paper or swap back to the original covers before you move out. 

3. Change your light bulbs

This is another simple project that anyone can - and should - do. We recommend swapping out the light bulbs in all of the rooms with energy-efficient LEDs, then customize the feel of your room for brightness and temperature. You may want a warm light in the bedroom and living room, but cool lighting in the bathroom and kitchen. This quick swap can really enhance the ambiance of your home, as well as decrease your electrical bill.

4. Use the space above the cabinets

Some homes don’t have bulkheads, leaving an awkward space above the kitchen cabinets. Instead of using it as a vase graveyard, you can make this a sleek extension of your cabinets. Decorate it with carefully curated décor, or add storage boxes, such as wooden milk crates for easy storage. If the space above your cabinets is quite large, add floating shelves or shelf risers to make it even more functional. This would also be a fun place to play with removable wallpaper.

5. Customize drawers and shelves for optimal storage

Customizing the inside of your drawers is a great way to stay organized. While you could buy some cheap, plastic containers from the dollar store, why not DIY-it? Check out these instructions for an inexpensive, home-made kitchen drawer organizer. 

Also, take a look inside your cabinets. Are your shelves far apart, to the point where there’s wasted vertical space? Shelf risers are a great solution to make the cabinets in your rental unit work for you. You can purchase inexpensive risers from stores like Ikea, or make your own. Shelf risers also work great in fridges and freezers!

6. Disguise or transform your radiator 

If you’re renting in an older building or house, you’re likely familiar with the hot, clunky, metal radiators that we’re talking about. The good news is you don’t need to just ignore this equipment. Instead, disguise it and make it functional. For a quick fix, put a floating shelf an inch or two above the radiator, and line up some books or other trinkets. If you’re handy and have the time, build a complete radiator cover. 

7. Make a portable garden

Many renters are lucky enough to have gardens at their homes. Some apartment buildings are even offering community garden spaces these days. But, if that isn’t the case at your rental, raised planter boxes are a great temporary garden solution – and they can even be packed up and moved when it’s time to go. If you have power tools and a workshop, YouTube has plenty of detailed tutorials for DIY raised planter boxes. If you don’t have the time, skill, or patience, most big-box hardware stores have pre-fab versions in a variety of sizes that you can paint and decorate to fit your style. 

8. Turn your balcony into an oasis

This is a fun project that will turn any balcony or patio into an Instagram-worthy space you’ll never want to leave. First, lay down some green artificial turf to get a grassy feel. Then, string up some outdoor twinkle or cantina lights, or paper lanterns (if it’s sheltered enough from the wetter elements). Then, start decorating! If you’re in an adults-only home, set up some lounge or Muskoka chairs and a cute metal table. If you’re able to screw into the ceiling, hammocks add even more comfort. Surround your sitting space with patio-friendly plants: for a woodsy vibe, choose potted cedars, or to bring the tropics up north, go for potted banana trees. Your local garden centre will be able to set you up with the best plants for your climate, sun exposure, etc.

If you have kids, turn the balcony into a play area just for them. Add a playhouse, a slide, or a little table for tea parties. You could even add a small, raised sandbox for some extra tactile play. If you have a full yard for your kiddos, check out these DIY outdoor play areas.

Don’t shy away from creating a personalized, cozy home that you love spending time in just because you might be in the space temporarily. You can find so many DIY projects that will bring life and character to your home, no matter your budget, skill level, or space size. Just remember to revert back to the originals before move out day!

If you’re thinking of buying a home, you’ve come to the right place. Once you’ve decided you’re ready to buy, REALTOR.ca can guide you through the entire process and a REALTOR® can help take care of the rest.

Here’s an overview of what to think about:

Prepare to buy

Few joys can match the pride of owning a home, but the responsibility can also come with sacrifices – from the financial commitment to the required care and maintenance. You’ll want to be sure both fit within your current or preferred lifestyle.

From virtual picnics to video-chat mimosas, you can still celebrate her from afar.

From birthday car parades to virtual happy hours, we're starting to navigate this whole "shelter in place" thing relatively well, all things considered. But a socially distanced Mother's Day feels particularly hard, doesn't it? After all, your mother's likely the very person you need most right now—for a reassuring hug, for her homemade lasagna, and, okay, for occasional supervision of the grandchildren. (They. Are. Climbing. The. Walls.) And while those things may not be possible at this given moment, you can find solace in her voice as you catch up during a virtual brunch, seek refuge in her laughter while tuning into the perfect mother-daughter television show or movie, and watch her light up with the grandkids—even if she has to watch them pick strawberries via video ("We love you so berry much, Nana!") After you've shopped for the perfect Mother's Day gifts and put together some sweet Mother's Day crafts (yes, there's still time!), consider embracing one of these stay-connected activities that will serve up some much-needed quality time during quarantine. Whether you're socially distanced in the same town (surprise her with a Love Actually-esque poster board message!) or toasting her from many miles away, one of these ideas will leave you feeling a little bit closer in these distanced times. And if there's anything Mom taught you, it's to stand up straight, mind your manners, and always, always, look on the bright side.

Go on a Picnic "Together"

(BPT) – This year spring cleaning is more than ever about the deep clean. Spring typically inspires a little more time dedicated to cleaning, in fact, a recent survey commissioned by Bona and conducted by Harris Poll found that more than half of U.S. adults say that the start of spring triggers extra cleaning in the household. While in the past it might have been more about simply dusting hard-to-reach corners and cleaning out the fridge, this year it’s also about deep cleaning and disinfecting for health and safety.

Here are a few tips to deep clean this spring for anyone tackling the task.

Focus on high-use areas first

It may not be realistic to deep clean your whole home in one weekend so consider targeting busy areas of your home first. Bedrooms, bathrooms, family room, kitchen and entry areas likely get the most foot traffic, so start there and leave lesser used areas of the home for later. Gather some helpers and set a timeframe to establish a clear goal and end time. Consider a second round of cleaning if you’re unable to complete the task.

Clear out the clutter

Create a system that works for you to clear out the clutter and make space to deep clean. Set up boxes or bags clearly labeled “Trash,” “Recycle,” “Donate,” and “Belongs elsewhere.” Go through each target room, putting anything that shouldn’t be there in one of the labeled containers.

Be sure to get these boxes or bags where they belong to avoid additional house clutter (we’ve all been guilty of moving a pile from one room to another!). You’ll feel lighter and happier just seeing those boxes and bags head out the door. Consider tasking a family member with trash or donation drop-off.

Prioritize large surface areas

Once you’ve cleared the excess clutter, wipe down the room from top to bottom. Clean the dust accumulated on top of bookshelves or ceiling fans first, then wipe down walls from top to bottom to remove dust and grime, using a microfiber mop or cloth. Prioritize large surfaces like countertops and tables as well as potential germ hotspots like the kitchen sink. Finish up with the floors by vacuuming carpet or by using a cleaner tailored for your hardwood or hard-surface floors.

Disinfect

At every opportunity look for areas that can be disinfected. Focus on high-use items and areas like remote controls, doorknobs, drawer pulls, and keypads. Consider using products that use hydrogen peroxide, a proven, healthier way to kill germs. Many traditional antibacterial cleaners use quaternary ammonium compounds or “quats.” This specific class of chemicals is linked to skin irritation and respiratory problems and use of quats is contributing to the global problem of antimicrobial resistance.

For example, Bona PowerPlus® Antibacterial Hard-Surface Floor Cleaner is a new, hydrogen peroxide powered cleaning solution specifically designed to clean and disinfect hard, non-porous flooring surfaces. This ready-to-use antibacterial cleaner is formulated to clean and remove stubborn stains while killing 99.9% of household germs* with the power of hydrogen peroxide when used as directed. It also leaves your home smelling fresh and clean with no residue left behind.

Finishing touches

Once you’ve thoroughly cleaned and refreshed your rooms, brainstorm other ways to improve your living space:

· Donate excess, little-used furniture to create more space

· Identify tasks best left to professionals, like exterior window cleaning or hardwood floor refinishing

· Display brightly colored artwork to renew your walls

· Set out a vase or two of colorful flower arrangements

Let your deep cleaning this spring bring a little renewal and brightness to your home. A clean home is also a healthy home for family, pets and friends.

*Kills 99.9% of Influenza A H1N1 Virus, Rhinovirus, Escherichia coli, Listeria monocytogenes, Pseudomonas aeruginosa, Salmonella enterica, Staphylococcus aureus, Methicillin-resistant Staphylococcus aureus [MRSA], and Trichophyton mentagrophytes on hard, non-porous surfaces in 10 minutes.

Original Article from: My Motherlode

If you're a millennial considering buying your first home, congratulations! You're probably excited until you remember: houses are expensive and—regardless of your current financial situation—you'll likely need to save money to afford one.  

This can be intimidating for anyone but, according to a recent survey, millennials in particular say it's become more difficult to buy a home. And, those feelings aren't just isolated to millennials who live in expensive housing markets like Vancouver, Torontoand Montreal. A majority from communities across the country agree. 

Do millennials struggle with short attention spans and a penchant for instant gratification? Who knows. Do they think saving for a down payment is the biggest hurdle to affording a home? They do. 

Worry not! Where there's a will, there's a way and we hope these tips will help you exercise your delayed gratification muscles and save.

Set goals

Setting clear short and long-term goals can give you a roadmap towards your ultimate goal: homeownership.

It might start with bagged lunches and smaller investments but, in combination, those decisions can help bring you one step closer to where you'd like to be.

Pinpoint your priorities

Start by figuring out what you want in a home. Consider location, size and your desired current and future lifestyle needs. Compare your list with your preferred real estate listings to get an idea of what's available and how much it costs; this will help you adjust your expectations. 

Once you have a better idea of what you're looking for, find a REALTOR® to help you navigate the various stages of home buying and ownership. They're responsible for making the home buying process as easy as possible for you. They can also get you the information needed to make an informed decision: comparable prices, neighbourhood trends, housing market conditions and more.

Start saving

Once you know your price range, you can use a mortgage calculator to figure out how much you'll need to save for a down payment and an affordability calculator to see what you can comfortably afford in terms of monthly expenses (like living expenses and debt payments). 

From there, you can build a budget based on your goals. There are several tools, apps, techniques and systems for budgeting, but all of them start with tracking your income and expenses. For example, the envelope system helps you control your spending by putting a fixed amount of cash in an envelope every month for each expense category. Once you run out of money in your “groceries” envelope, you can't spend money on groceries until the next cycle. Whatever tools you choose, budgeting helps you clearly see how much your life costs, where your money is going and where there's room for adjustment. 

Saving money, working long hours and side-hustling requires discipline—so try to get comfortable with discomfort. When you feel burnt out, acknowledge it—give it space—but don't let it derail you. Practice things until they become good habits and prove the people who think you're wasting your life on Instagram and avocado toast wrong. Don't forget to reinforce your good behaviour by celebrating the small victories. 

Don’t be afraid to get help

Does seeing your friends buy houses on social media make you feel isolated in your struggle? The truth is, you're not alone. 

According to Statistics Canada, despite being the most educated generation, concerns have been raised about millennials being “slower to launch.” 

If you're struggling, open up about it. It might help relieve some of the pressure and hearing someone else's perspective could be a good reminder that everyone else is working hard to reach their goals, too. 

There are also programs and incentives to help make home buying easier, including: 

The new First-Time Home Buyer Incentive (launching September 2, 2019) is intended to help qualified buyers reduce their monthly mortgage carrying costs. 

The Home Buyers' Plan (HBP) allows you to borrow up to $35,000 from your Registered Retirement Savings Plan (RRSP) to buy or build a home.

The First Time Home Buyers' (FTHB) Tax Credit allows you to claim up to $5,000 for the purchase of a qualifying home, providing up to $750 in tax relief to eligible buyers.  

Saving for a home isn't easy, but if you have a plan and stick to it, you'll be on the right track to affording a home that's right for you. 

The article above is for information purposes and is not financial or legal advice or a substitute for financial or legal counsel.

Original Article from: Realtor.ca

As use of smart home technology continues to grow, it's hard to keep up with what's out there, what's compatible and how it all works together. Setting up your smart home can be as simple as putting a device in your living room or as complicated as installing a system of interconnected devices that speak to each other; how intricate you want to get is completely up to you. Keep in mind, however, not every system will be compatible with every product.

Check out our guide to setting up your smart home and control your lighting, security, thermostat, music and more with these smart devices and hubs.

Entertainment and assistants

The simplest “smart devices” are voice command speakers. Consumers can choose from an assortment of smart home systems, including Amazon's Alexa and Echo, Google Home, Apple HomeKit, Samsung's Smart Things and more. These devices are typically voice command-activated and can do things like stream music,read news headlines, set reminders or tell you what the weather is going to be like tomorrow. In some instances, you can link up your smartphone and make hands-free calls, send messages and even answer calls. You can also find nearby open houses with the REALTOR.ca skill for Amazon Alexa. For those of you not using an Amazon Echo, no problem, simply download the Amazon Alexa app and enable the REALTOR.ca skill for Alexa to use on your phone!

Security systems

Security products like cameras and alarm systems tend to be most people's first foray into home automation. Smart door locks, alarm systems, cameras and movement sensors can offer peace of mind when you're away from home. August Smart Lock is an easy way to lock and unlock your doors remotely through a phone app, making it popular for offices and shared workspaces. The Skybell Doorbell lets you see who's at your door and speak to them through your phone, even if you're not home. Plus there are many alarm system starter kits out there, like Nest Secure, Go Abode, SimpliSafe and more.

Energy savers and automation

It's nice having things done for us, isn't it? One study suggests 1 in 6 Canadians have invested in some kind of home automation. Some of this automation makes our lives a bit easier—like scheduling the coffee maker to brew when your alarm goes off in the morning—but some can help save energy, too. LIFX smart light bulbs are Wi-Fi enabled and can be programmed to illuminate whenever you want, in a variety of colours. Smart thermostats like those from Nest, Honeywell and Ecobee, use sensors to help improve your home's energy efficiency by perceiving how many people are in a room and adjusting the temperature accordingly. They also allow you to make adjustments remotely from your smartphone. (In larger homes, you may need additional sensors).

The “home hub”

All of this technology can get overwhelming pretty quickly. If you want to be able to control everything from a single interface rather than delving into a dozen different apps, you're going to need a home hub. Smart speakers can only communicate directly with devices using Wi-Fi or Bluetooth, so if you're trying to automate your light bulbs or thermostat, you might need a software hub to unify your devices.

Most home hubs will be able to discover your other devices. Although technically not classified as hubs, Amazon Echo and Google Home have “Works With Google Assistant” and “Works with Alexa” programs so you'll know which devices will be compatible. (For example, Honeywell, Nest and Ecobee are just a few smart thermostats that work with Alexa). In addition, the Amazon Echo Plus works as a ZigBee hub. ZigBee and Z-Wave are alternatives to Wi-Fi and Bluetooth and operate on a mesh network to control your devices.

It's important to note that while these devices can be helpful, you will need to do your research, as no one app controls every smart device on the market. Prioritize which features matter most and build from there. Before long, you'll have the smartest house on the block.